FactSet Research Systems (NYSE:FDS) Receives Sector Perform Rating from Royal Bank Of Canada

FactSet Research Systems (NYSE:FDS)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued to investors on Thursday,Benzinga reports. They currently have a $240.00 target price on the business services provider’s stock. Royal Bank Of Canada’s price objective points to a potential downside of 4.04% from the stock’s current price.

FDS has been the topic of several other reports. Morgan Stanley raised their price target on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday. Rothschild & Co Redburn lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price objective for the company. in a research report on Thursday, June 18th. BMO Capital Markets lifted their target price on FactSet Research Systems from $257.00 to $275.00 and gave the stock a “market perform” rating in a research report on Thursday. Wolfe Research boosted their price target on FactSet Research Systems from $225.00 to $240.00 and gave the company an “underperform” rating in a research note on Wednesday. Finally, Wells Fargo & Company upped their price target on FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $253.31.

FactSet Research Systems Stock Up 1.9%

FDS opened at $250.10 on Thursday. FactSet Research Systems has a 1-year low of $185.00 and a 1-year high of $453.41. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.92 and a beta of 0.72. The business has a 50 day moving average of $230.97 and a 200-day moving average of $238.02.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.44 by $0.09. The business had revenue of $622.92 million for the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. FactSet Research Systems’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, sell-side analysts anticipate that FactSet Research Systems will post 17.66 earnings per share for the current year.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds have recently modified their holdings of FDS. Mattern Capital Management LLC increased its position in shares of FactSet Research Systems by 48.8% during the 4th quarter. Mattern Capital Management LLC now owns 30,391 shares of the business services provider’s stock worth $8,819,000 after purchasing an additional 9,971 shares in the last quarter. Heron Bay Capital Management lifted its holdings in FactSet Research Systems by 52.6% during the 3rd quarter. Heron Bay Capital Management now owns 55,359 shares of the business services provider’s stock valued at $15,860,000 after purchasing an additional 19,072 shares during the last quarter. Element Squared LLC acquired a new position in FactSet Research Systems in the fourth quarter valued at about $2,376,000. Ticino Wealth acquired a new position in FactSet Research Systems in the fourth quarter valued at about $1,946,000. Finally, Argo Wealth Advisory LLC bought a new stake in FactSet Research Systems during the fourth quarter worth about $1,622,000. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems News Roundup

Here are the key news stories impacting FactSet Research Systems this week:

• Positive Sentiment: FactSet delivered an earnings and revenue beat, with strong organic growth and ASV gains supporting the quarter. FactSet Research (FDS) Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management said AI demand is reshaping contracts and product use, and the company is seeing momentum from larger enterprise deals. FactSet Research Q3 Earnings Call Highlights AI Demand & ASV Gains
• Positive Sentiment: BMO Capital Markets raised its price target to $275 from $257, signaling more upside potential after the report. Benzinga
• Neutral Sentiment: Morgan Stanley also nudged its price target higher to $230 from $228, but maintained an equal weight view. Benzinga
• Negative Sentiment: Some coverage noted that margin pressure and relatively flat guidance may limit enthusiasm, even after the earnings beat. FactSet shares slip despite third-quarter earnings beat as outlook disappoints (FDS)

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.